President Biden has announced another plan that’s blatantly unconstitutional, but since when has that ever stopped them?
This time the Biden administration plans to “cancel” (as in “force somebody else to pay off”) a certain amount of federal student debt for borrowers earning under a certain amount of money:
In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023.
I'll have more details this afternoon. pic.twitter.com/kuZNqoMe4I
— President Biden (@POTUS) August 24, 2022
Frankly I’m a little surprised that Biden didn’t instead decide to send this $244 billion to Ukraine instead, but he knows the Dems have some voters to bribe with the midterms right around the corner:
Around 9 million borrowers could have their balances entirely cleared by Biden’s plan, according to higher education expert Mark Kantrowitz.
Biden’s decision to move ahead with $10,000 in student debt cancellation for borrowers who earn under $125,000 will cost the federal government around $244 billion, Kantrowitz estimated. The $20,000 in relief for Pell Grant recipients may add around another $120 billion to the government’s costs.
The unprecedented action by the White House of wiping out hundreds of billions of dollars in consumer debt follows years of advocacy pressure and recent months of heated debate among Biden administration officials.
Even though the “power of the purse” belongs with Congress, many Democrats are applauding Biden for attempting to skirt the House and Senate (and they called Trump the tyrant?):
With the flick of a pen, President Biden has taken a giant step forward in addressing the student debt crisis by cancelling significant amounts of student debt for millions of borrowers.
My statement with @SenWarren: pic.twitter.com/LuZo8EowyD
— Chuck Schumer (@SenSchumer) August 24, 2022
And if anybody dares to criticize Biden’s “cancel student debt” plan, early in 2020 Sen. Elizabeth Warren served up a preview of the disdain she’ll have for anyone daring to point out some obvious truths:
"I've saved all my money. [My daughter] doesn't have any student loans. Am I going to get my money back?"
Elizabeth Warren: "Of course not."
“I worked a double shift…you’re laughing at me…we did the right thing and we get screwed.”pic.twitter.com/xGWKOZi9av
— RNC Research (@RNCResearch) August 24, 2022
“Of course not.” That’s the same answer the DNA testing firm gave Warren when she asked if she has lots of Native American blood in her system.
If the government has taught us anything, it never pays to do the right thing.
— Chandler Camden (@chancam77) August 24, 2022
Our government Rulers hate us. Make no mistake. #TheyHATEus https://t.co/ctfFk82A0V
— ULTRA MAGA Pay Off Your Own Damn Loans (@Airess) August 24, 2022
Could “public officials” possibly ooze more disdain for the people they supposedly “serve”?
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Related:
Elizabeth Warren, AOC & Chris Hayes among lefties melting down over SCOTUS ruling on EPA
Elizabeth Warren’s argument to #CancelStudentDebt is dripping with intellectual dishonesty
